Alchemy Pay payment platform is expanding its options in Europe and the United Kingdom by integrating new alternative methods of purchasing cryptos, including the Euro Instant solution, SEPA Instant, and the U.K. fast money transfer.
Alchemy Pay has implemented additional deposit alternatives, such as Faster Payments, a U.K. rapid money transfer option, and Single Euro Payments Area (SEPA) Instant, a Euro Instant solution.
Alchemy Pay stated in a November 29 announcement that the new payment methods intend to facilitate the acquisition of cryptocurrencies such as Bitcoin by allowing transfers to be processed in “seconds to a few minutes.”
European Alchemy Pay consumers can purchase a maximum of 5000 euros ($5,460) in cryptocurrency using SEPA Instant. In contrast, Faster Payments imposes a transfer limit of 5000 British pounds ($6,320). Users in the United Kingdom and thirty European countries can access these two new channels following Know Your Customer verifications.
SEPA Instant and Faster Payments in the United Kingdom are compatible with various local payment channels, including Bancontact, Skrill, and the Polish Blik payment system.
The announcement states, “This action further expands Alchemy Pay’s payment network across Europe, surpassing emerging markets and expanding its influence.”
Alchemy Pay supports 300 fiat payment channels in 173 countries, most of which are in Southeast Asia, as stated in the announcement. The platform is proactively broadening its global payment service presence by recently obtaining additional licenses in the United States, including those for Arkansas and Iowa.
Additionally, Alchemy Pay obtained licenses for operational markets such as Lithuania and Indonesia in February 2023.
